Corning Stock Price, News & Analysis (NYSE:GLW)

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLW shares.
View GLW analyst ratings or view top-rated stocks.

9 Wall Street research analysts have issued 1-year price objectives for Corning's stock. Their GLW share price targets range from $28.00 to $40.00. On average, they anticipate the company's stock price to reach $34.89 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price.
View analysts price targets for GLW or view top-rated stocks among Wall Street analysts.

Corning's stock was trading at $31.94 at the beginning of the year. Since then, GLW stock has decreased by 8.9% and is now trading at $29.11.
View the best growth stocks for 2023 here.

Corning saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 7,510,000 shares, an increase of 14.0% from the October 15th total of 6,590,000 shares. Based on an average daily volume of 3,370,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.0% of the company's stock are short sold.
View Corning's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our GLW earnings forecast.

Corning Incorporated (NYSE:GLW) posted its quarterly earnings data on Tuesday, October, 24th. The electronics maker reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.01. The electronics maker had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.51 billion. Corning had a net margin of 4.50% and a trailing twelve-month return on equity of 12.73%. The firm's revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share.
Read the conference call transcript.

Corning announced a quarterly dividend on Wednesday, October 4th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.28 per share on Friday, December 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, November 16th.
Read our dividend analysis for GLW.

Corning (NYSE:GLW) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.86%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 164.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GLW will have a dividend payout ratio of 58.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.

ETFs with the largest weight of Corning (NYSE:GLW) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), ProShares S&P Technology Dividend Aristocrats ETF (TDV), ALPS Sector Dividend Dogs ETF (SDOG), First Trust S&P 500 Diversified Dividend Aristocrats ETF (RNDV), ASYMshares ASYMmetric S&P 500 ETF (ASPY), Motley Fool Next Index ETF (TMFX), WisdomTree U.S. AI Enhanced Value Fund (AIVL) and SPDR S&P Kensho Clean Power ETF (CNRG).

Corning issued an update on its fourth quarter earnings guidance on Tuesday, October, 24th. The company provided EPS guidance of $0.37-0.42 for the period, compared to the consensus estimate of $0.49. The company issued revenue guidance of approximately $3.25 billion, compared to the consensus revenue estimate of $3.56 billion.

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Johnson & Johnson (JNJ).

Corning's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (3.37%), Morgan Stanley (2.57%), Ameriprise Financial Inc. (2.06%), Northern Trust Corp (1.41%), Primecap Management Co. CA (1.03%) and Bank of New York Mellon Corp (0.92%). Insiders that own company stock include Anne Mullins, Cheryl C Capps, Cheryl C Capps, Clark S Kinlin, David L Morse, David L Morse, Display Co Ltd Samsung, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
View institutional ownership trends.

Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.